STOCK TITAN

Cytokinetics Announces Secondary Analysis From GALACTIC-HF to Be Presented in Late Breaking Clinical Trial Session at American College of Cardiology 70th Annual Scientific Session & Expo (ACC.21)

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Cytokinetics announced a secondary analysis of the GALACTIC-HF trial, focusing on omecamtiv mecarbil's effects on heart failure patients with varying baseline ejection fractions. This data will be presented on May 17, 2021, at the ACC Annual Scientific Session. The company is preparing for regulatory discussions regarding omecamtiv mecarbil, following positive results from the Phase 3 trial. Cytokinetics is also progressing in other trials, including METEORIC-HF for omecamtiv mecarbil and REDWOOD-HCM for CK-274, a cardiac myosin inhibitor.

Positive
  • Positive results from the GALACTIC-HF Phase 3 clinical trial bolster the development of omecamtiv mecarbil.
  • Cytokinetics is advancing to regulatory interactions for omecamtiv mecarbil, indicating confidence in its clinical data.
  • Ongoing trials for other drug candidates CK-274 and reldesemtiv display a robust pipeline.
Negative
  • None.

SOUTH SAN FRANCISCO, Calif., March 18, 2021 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that data from a secondary analysis of GALACTIC-HF (Global Approach to Lowering Adverse Cardiac Outcomes Through Improving Contractility in Heart Failure) assessing the effect of omecamtiv mecarbil on clinical outcomes in relationship to patient baseline ejection fraction will be presented in a Late Breaking Clinical Trial session at the American College of Cardiology 70th Annual Scientific Session & Expo (ACC.21) by John Teerlink, M.D., Professor of Medicine, University of California San Francisco, Director of Heart Failure, San Francisco Veterans Affairs Medical Center and Executive Committee Chair, GALACTIC-HF.

Title: 410-16 Impact Of Ejection Fraction On The Therapeutic Effect Of Omecamtiv Mecarbil In Patients With Heart Failure And Reduced Ejection Fraction: A Secondary Analysis From GALACTIC-HF (Global Approach To Lowering Adverse Cardiac Outcomes Through Improving Contractility In Heart Failure)
Presenter: John Teerlink, M.D., Professor of Medicine, University of California San Francisco, Director of Heart Failure, San Francisco Veterans Affairs Medical Center and Executive Committee Chair, GALACTIC-HF
Date: May 17, 2021
Session Title: Late-Breaking Clinical Trials IV
Session Time: 8:00 – 9:15 AM ET
Presentation Time: 9:00 – 9:10 AM ET

About Cytokinetics

Cytokinetics is a late-stage biopharmaceutical company focused on discovering, developing and commercializing first-in-class muscle activators and next-in-class muscle inhibitors as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. As a leader in muscle biology and the mechanics of muscle performance, the company is developing small molecule drug candidates specifically engineered to impact muscle function and contractility. Cytokinetics is preparing for regulatory interactions for omecamtiv mecarbil, its novel cardiac muscle activator, following positive results from GALACTIC-HF, a large, international Phase 3 clinical trial in patients with heart failure. Cytokinetics is conducting METEORIC-HF, a second Phase 3 clinical trial of omecamtiv mecarbil. Cytokinetics is also developing CK-274, a next-generation cardiac myosin inhibitor, for the potential treatment of hypertrophic cardiomyopathies (HCM). Cytokinetics is conducting REDWOOD-HCM, a Phase 2 clinical trial of CK-274 in patients with obstructive HCM. Cytokinetics is also developing reldesemtiv, a fast skeletal muscle troponin activator for the potential treatment of ALS and other neuromuscular indications following conduct of FORTITUDE-ALS and other Phase 2 clinical trials. The company is preparing for the potential advancement of reldesemtiv to a Phase 3 clinical trial in ALS. Cytokinetics continues its over 20-year history of pioneering innovation in muscle biology and related pharmacology focused to diseases of muscle dysfunction and conditions of muscle weakness.

For additional information about Cytokinetics, visit www.cytokinetics.com and follow us on Twitter, LinkedIn, Facebook and YouTube.

Forward-Looking Statements

This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). Cytokinetics disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act's Safe Harbor for forward-looking statements. Examples of such statements include, but are not limited to, statements relating to the GALACTIC-HF clinical trial, statements indicating that the actual top-line results of the GALACTIC-HF clinical trial will be available or presented at the Late Breaking Clinical Trial session at the American Heart Association (AHA) Scientific Sessions 2020 or at any other specific time or event; statements relating to the METEORIC-HF clinical trial; the potential benefits of omecamtiv mecarbil, including its ability to represent a novel therapeutic strategy to increase cardiac muscle function and restore cardiac performance; the timing and likelihood of any regulatory submissions or approval of omecamtiv mecarbil, Cytokinetics' and its partners' research and development activities; the design, timing, results, significance and utility of preclinical and clinical results; and the properties and potential benefits of Cytokinetics' other drug candidates. Such statements are based on management's current expectations, but actual results may differ materially due to various risks and uncertainties, including, but not limited to, potential difficulties or delays in the development, testing, regulatory approvals for trial commencement, progression or product sale or manufacturing, or production of Cytokinetics' drug candidates that could slow or prevent clinical development or product approval; Cytokinetics' drug candidates may have adverse side effects or inadequate therapeutic efficacy; the FDA or foreign regulatory agencies may delay or limit Cytokinetics' or its partners' ability to conduct clinical trials; Cytokinetics may be unable to obtain or maintain patent or trade secret protection for its intellectual property; the nature of Amgen's decisions with respect to the design, initiation, conduct, timing and continuation of development activities for omecamtiv mecarbil; standards of care may change, rendering Cytokinetics' drug candidates obsolete; competitive products or alternative therapies may be developed by others for the treatment of indications Cytokinetics' drug candidates and potential drug candidates may target; and risks and uncertainties relating to the timing and receipt of payments from its partners, including milestones and royalties on future potential product sales under Cytokinetics' collaboration agreements with such partners. For further information regarding these and other risks related to Cytokinetics' business, investors should consult Cytokinetics' filings with the Securities and Exchange Commission.

Contact:
Cytokinetics
Diane Weiser
Senior Vice President, Corporate Communications, Investor Relations
(415) 290-7757


FAQ

What is the purpose of the GALACTIC-HF trial for omecamtiv mecarbil?

The GALACTIC-HF trial assesses the efficacy of omecamtiv mecarbil in improving clinical outcomes for patients with heart failure and reduced ejection fraction.

When will the results from the secondary analysis of the GALACTIC-HF trial be presented?

The results will be presented on May 17, 2021, during the Late Breaking Clinical Trials session at the ACC Annual Scientific Session.

What are the next steps for Cytokinetics regarding omecamtiv mecarbil?

Cytokinetics is preparing for regulatory discussions based on the favorable results from the GALACTIC-HF trial.

What other trials is Cytokinetics currently conducting?

Cytokinetics is conducting the METEORIC-HF trial for omecamtiv mecarbil and the REDWOOD-HCM trial for CK-274.

How does the GALACTIC-HF trial impact CYTK stock?

Positive trial results can enhance investor confidence and potentially increase CYTK stock value, while any negative outcomes could adversely affect it.

Cytokinetics Inc.

NASDAQ:CYTK

CYTK Rankings

CYTK Latest News

CYTK Stock Data

5.78B
115.68M
0.5%
117.88%
13.31%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
SOUTH SAN FRANCISCO